VCE Announces New Customer Dividend Program

The Valley Clean Energy (VCE) Board of Directors took big strides last month to fulfill two major promises to its customers.

The board voted unanimously to begin including Net Energy Metered (NEM) solar customers into VCE service starting in January 2020,  and additionally voted to launch a Dividend Program this fall, designed to share revenues with customers when VCE meets its financial goals.

Valley Clean Energy is a not-for-profit public agency that provides electricity service to customers in Davis, Woodland and the unincorporated areas of Yolo County.

Net Energy Metering
Existing PG&E solar NEM customers—those whose solar panels were installed prior to VCE’s launch in June 2018—have not been enrolled in VCE service thus far. However, beginning in January and continuing through December 2020, PG&E NEM customers will be automatically enrolled in VCE service during their existing PG&E true-up month.

VCE will offer information and details about the program and answer questions at two public meetings in October; mailers will be sent to NEM customers announcing dates and times. They’ll also receive two notices prior to enrolling with VCE and two notices afterwards, to ensure that everyone is aware of the transition. NEM customers can also opt out of VCE service. Details on VCE’s new NEM policy are available here.

VCE Dividend Program
The VCE Dividend Program is designed to reward customers for their loyalty and support, and to share the program’s positive financial performance with its customers. It is also one of the ways VCE gives back to the community. Based on fiscal year revenues, a dividend will be credited to residential customers once per year (on their October bill), and to non-residential customers twice per year (on their October and April bills) once specific financial targets are met.

The VCE board will determine the percentage of cash reserves to be allocated to dividends, ensuring both optimal program health and customer benefit.

Both the new NEM policy and the Dividend Program help VCE meet its short-and long-term goals of financial stability, cost-competitive clean electricity, customized local programs, a cleaner environment and investment in our communities.

Read Staff Report Item 18 >>